ISO 31000 Risk Management

A useful set of risk management guidelines and principles has been developed by the International Organization for Standardization. In 2005, ISO introduced a New Work Item Proposal (NWIP) to develop a guidance standard on risk management.

Following approval by ISO members, an ISO working group was established to develop a Committee Draft called ISO CD31000. The standard:

"gives generic guidelines for the principles and the adequate implementation of risk management. It is not intended to be used for the purposes of certification."

Source: www.iso.org

The ISO 31000:2009 standard provides principles and generic guidelines on risk management, can be used by any public, private or community enterprise, association, group or individual and is not specific to any industry or sector.